BlackRock’s iShares Bitcoin Trust ranked sixth among all ETFs by net inflows in 2025, despite being the only fund in the top cohort to post a negative return for the year. Data cited by Bloomberg ETF analyst Eric Balchunas shows IBIT attracted about $25 billion in inflows, outperforming several higher-returning equity, bond, and gold-backed ETFs in capital raised.
The performance highlights sustained investor interest in Bitcoin exposure through regulated vehicles, even during periods of price weakness. Analysts noted that inflows reflect longer-term allocation decisions rather than short-term trading behavior, particularly among institutional and older investors focused on holding strategies.
At the same time, broader crypto ETF markets showed signs of pressure. US spot Bitcoin ETFs recorded net outflows late in the year, while spot Ether ETFs extended a multi-day outflow streak. Market participants suggested Bitcoin’s more mature market structure, combined with profit-taking after strong prior-year gains, may help explain muted price action despite continued ETF demand.
